Exhibit 10.5
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (the “Agreement”) entered into as of this 19th day of September, 2008,
between Options Media Group Holdings, Inc. (the “Company”) and Anthony Bumbaca (the “Executive”).
WHEREAS, the Company desires to secure the services of the Executive upon the terms and conditions
hereinafter set forth; and
WHEREAS, the Company desires to employ the Executive and to ensure the continued availability to the
Company of the Executive’s services, and the Executive is willing to accept such employment and render such
services, all upon and subject to the terms and conditions contained in this Agreement.
NOW, THEREFORE, in consideration of the premises and the mutual covenants set forth in this
Agreement, and intending to be legally bound, the Company and the Executive agree as follows:
1.
Representations and Warranties. The Executive hereby represents and warrants to the Company
that he (i) is not subject to any written non-solicitation or non-competition agreement affecting his employment
with the Company (other than any prior agreement with the Company), and (ii) is not subject to any written
confidentiality or nonuse/nondisclosure agreement affecting his employment with the Company (other than any
prior agreement with the Company),
2.
Term of Employment .
(a)
Term . The Company hereby employs the Executive, and the Executive hereby accepts
employment with the Company for a period commencing as of the date of this Agreement and ending on
September 30, 2010 (such period, as it may be extended or renewed, the “Term”), unless sooner terminated in
accordance with the provisions of Section 6. The Term shall be automatically renewed for successive one-year
terms unless notice of non renewal is given by either party at least 60 days’ prior to the end of the Term.
(b)
Continuing Effect . Notwithstanding any termination of this Agreement, other than a
termination by Executive for Good Reason or a termination by th